Tenax Therapeutics' (TENX) CEO John Kelley on Q4 2015 Results-Earnings Call Transcript.
Answer Wiki. I honestly don't think there's a plus to a debit card. It's not as secure as credit (if you get theft ed say goodbye to your money), there's no perks, and there could be potential fees (overdrafting, etc). Other then getting money from ATMs, I can't think of a reason to use them. The minus for credit is the ease of debt.
Double Entry Accounting Definitions. The definitions of a debit and credit are: 1  A debit is that portion of an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. 2  It is positioned to the left in an accounting entry.